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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Historically, the choice between renting and buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear. Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.

November 21st, 2019 | First Time Home Buyers, For Buyers, Housing Market Updates, infographic, Pricing, Rent vs Buy, The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Forget the Price of the Home. The Cost is What Matters.

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months. The reacceleration of home values will cause some to again voice concerns about affordability. Just last week, however, First American came out with a data analysis that explains how price is not ...

November 15th, 2019 | Housing Market Updates, interest rates, Pricing, Forget the Price of the Home. The Cost is What Matters.

How to Determine If You Can Afford to Buy a Home

The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: mortgage interest rates. Mortgage interest rates have fallen by more than a full percentage point from this time last year. Today’s rate is 3.75%; it was 4.86% at this time last year. This has dramatically increased a purchaser&rsq...

November 11th, 2019 | First Time Home Buyers, For Buyers, interest rates, Move-Up Buyers, Pricing, How to Determine If You Can Afford to Buy a Home

Cómo determinar si puede comprar una casa

La brecha entre el aumento de los ingresos personales y los precios de los bienes raíces residenciales se ha utilizado para defender el concepto de que hoy estamos experimentando una crisis de asequibilidad en la vivienda.   Es cierto que los precios de las casas y los salarios son dos elementos claves en cualquier ecuación de la asequibilidad. Sin embargo, hay un tercer componente extremadamente importante en esa ecuación: la tasa de interés hipotecaria. La tasa de interés hipotecaria ha caído más de un punto porcentual con r...

November 11th, 2019 | First Time Home Buyers, For Buyers, interest rates, Move-Up Buyers, Pricing, Cómo determinar si puede comprar una casa

Think Prices Have Skyrocketed? Look at Rents.

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject. In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.  “Continued interest in rental apartments and slowing construction keeps the national average rent on a strong...

November 1st, 2019 | Pricing, Rent vs Buy, Think Prices Have Skyrocketed? Look at Rents.

Depending on the Price, You’re Going to Need Advice

To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium or luxury market. Each one is unique, and depending on the city, the price point in these categories will vary. For example, a starter or lower-end home in San Francisco, California is much more expensive than almost any other part of the country....

October 22nd, 2019 | First Time Home Buyers, For Buyers, For Sellers, Luxury Market, Move-Up Buyers, Pricing, Depending on the Price, You’re Going to Need Advice

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